GREATER LOUISVILLE MEDICAL SOCIETY
STATEMENT OF ACTIVITIES
JANUARY – DECEMBER 2017
Changes in Net Assets
GREATER LOUISVILLE MEDICAL SOCIETY
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2017
Assets
Dues $
720,720
CURRENT ASSETS
Cash/cash equivalents $ 533,779
Accounts receivable 232,732
Louisville Medicine advertising 86,410 GLMS Update advertising 11,915 Roster sales & advertising 179,129 MedCentral 550,761 Sponsorship revenue 15,000 INVESTMENTS AND OTHER ASSETS Admin. fee from Medical Society Professional Services 54,996 Investment at market value Admin. fee from GLMS Foundation 54,000 Annuity contracts Vital Signs 60,305 PROPERTY AND EQUIPMENT Provider Enrollment 19,925 Furniture & Office equipment 255,816
Other operating revenue 19,654 Less accumulated depreciation (123,012)
Total Operating Revenue 1,772,815
Investment Income
Prepaid expenses
16,226
2,754,708
68,549
132,804
TOTAL ASSETS 3,738,798
73,199
Liabilities and Net Assets
Total Revenues
1,846,014
Program Service Expense
Committee & General Administration
$
28
157,356
GLMS Update 40,340
Roster 121,572
MedCentral 699,928
Sponsorship 7,335
Vital Signs 17,060
Provider Enrollment 16,895
Website 12,137
Total Expenses 1,867,732
LOUISVILLE MEDICINE
Accounts payable 199,138
Unearned income 505,715
DERRED RETIREMENT BENEFITS 68,549
795,109
Louisville Medicine
Net increase in unrestricted net assets
CURRENT LIABILITIES
- 21,718
NET ASSETS
Unrestricted 2,965,396
Total liabilities and net assets
3,738,798